Investors / stance tracking
What Chris Mayer is saying
Portfolio Manager, Woodlock House Family Capital
20 dated public stances tracked since 2020-06-30, most recently 2025-04-07. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Chris Mayer's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Chris Mayer is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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20
tracked stances
12
themes
0
side flips
2025-04-07
last heard
Returns 90d +13.7% (n=25) · 180d +18.5% (n=25) · 1y +21.7% (n=25)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| CPRT | 6 | 6 bullish | 2025-04-07 | |
| CSU | 2 | 2 bullish | 2025-04-07 | |
| HEI | 2 | 2 bullish | 2025-04-07 | |
| BOL | 1 | 1 bullish | 2021-06-21 | |
| BRO | 1 | 1 bullish | 2023-08-21 | |
| CONSTELLATION SOFTWARE | 1 | 1 bullish | 2023-08-21 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-04-07
CSU
bullish
Chris Mayer · video
Constellation Software is a proven vertical market software serial acquirer with disciplined capital allocation, unchanged share count since IPO, and management incentives structured around open-market share purchases rather than dilutive grants.
“I'd have the vertical market software — Constellation and Topicus”
The Hidden Fingerprints of 100 Baggers | Chris Mayer on How to Find Them Before Everyone Else
2025-04-07
SWEDISH SERIAL ACQUIRERS
bullish
Chris Mayer · video
Swedish serial acquirers (e.g. Lifco and peers) employ disciplined per-subsidiary incentive metrics like profit-over-working-capital, build deep management benches for multi-decade succession, and compound capital without share dilution.
“I'd have the Swedish serial acquirers that I like so much”
The Hidden Fingerprints of 100 Baggers | Chris Mayer on How to Find Them Before Everyone Else
2025-04-07
CPRT
bullish
Chris Mayer · video
Copart's salvage vehicle auction network has a tremendous competitive moat — driven by land holdings, buyer/seller network effects, and high switching costs — that supports long-term compounding.
“Copart — also a tremendous moat around that business”
90d -9.9% · 180d -18.0% · 1y -38.9%
The Hidden Fingerprints of 100 Baggers | Chris Mayer on How to Find Them Before Everyone Else
2025-04-07
HEI
owns
Chris Mayer · video
HEICO's aviation aftermarket parts business (MRO/PMA) is protected by a strong and durable competitive moat, making it a long-term compounder worth holding through any macro backdrop.
“I own Heico with its aviation business and great moat around it”
90d +37.7% · 180d +36.2% · 1y +16.6%
The Hidden Fingerprints of 100 Baggers | Chris Mayer on How to Find Them Before Everyone Else
2023-08-21
CPRT
owns
Chris Mayer · video
Copart's strategy of owning (vs. leasing) land for salvage operations created compounding incremental advantages over rival IAA, and its online marketplace now enjoys durable network effects that make the lead virtually uncatchable, with additional runway…
“I probably the biggest winner that I still have in the portfolio might be Copart”
90d +16.9% · 180d +11.6% · 1y +19.5%
Chris Mayer Talks 100 Baggers & Value Investing Strategies | Chris Mayer Interview
2023-08-21
CONSTELLATION SOFTWARE
bullish
Chris Mayer · video
Constellation's programmatic approach to acquiring small vertical-market software companies—with a disciplined criteria box, a vast comparable database, and operational expertise—produces durable M&A returns unlike the episodic, debt-heavy deals that…
“they've got it down to a process—they're looking very specifically at vertical market software companies”
Chris Mayer Talks 100 Baggers & Value Investing Strategies | Chris Mayer Interview
2023-08-21
BRO
owns
Chris Mayer · video
Brown and Brown is a rare third-generation founder-family-run insurance broker whose CEO has deep skin in the game, aligning capital allocation decisions with minority shareholders over long holding periods
“another company I've had in the portfolio for a long time, Brown and Brown”
90d +2.7% · 180d +15.9% · 1y +44.6%
Chris Mayer Talks 100 Baggers & Value Investing Strategies | Chris Mayer Interview
2023-06-12
TOI
bullish
Chris Mayer · video
Topicus is replicating Constellation Software's vertical market software roll-up model across European markets at an earlier stage in its compounding journey, offering a similar trajectory to where Constellation was a decade ago
“that's one I plan to hold for a long long time”
90d +194.3% · 180d +112.7% · 1y -12.2%
Finding 100 Bagger Stocks: Stocks That Return 100-to-1 w/ Chris Mayer (MI276)
2023-05-10
CPRT
bullish
Chris Mayer · video
Copart compounded through network effects, revenue growth, and scale-driven margin expansion while reinvesting all capital rather than paying dividends, creating a durable and widening competitive gap over IAA which starved itself of investment capital to…
“combination of revenue growth and then an increasing in profitability that came with scale and their network”
90d +9.8% · 180d +14.8% · 1y +38.1%
Investing With The Whales | Episode 30 | Chris Mayer
2023-04-08
CSU
bullish
Chris Mayer · video
Constellation Software's decentralized M&A machine, strict hurdle-rate discipline, and return-on-invested-capital incentive system have produced decades of free-cash-flow-per-share compounding with no share dilution, and a database of 100,000+ acquisition…
“it's a supremely rational place, really driven by return on invested capital and growth rates at the heart of the incentives”
100 Baggers: Stocks that Return 100-1 w/ Chris Mayer (TIP543)
2023-04-08
CPRT
bullish
Chris Mayer · video
Copart's real-estate moat and network effects compound while its only major competitor (IAA) agreed to be acquired by Ritchie Brothers — wounded, distracted, and at a structural disadvantage that would take years and billions to close
“you clearly have a wounded and distracted competitor that is at a structural disadvantage at this point”
90d +17.5% · 180d +17.5% · 1y +50.1%
100 Baggers: Stocks that Return 100-1 w/ Chris Mayer (TIP543)
2022-08-28
CPRT
owns
Chris Mayer · video
Copart is a founder/family-led business with deep insider ownership (Jay Adair owns significant stock and has been involved since a teenager), low employee turnover, and an ownership culture empirically linked to lower leverage, counter-cyclical capital…
“copart is another one i own...jay adair his son-in-law has been involved in the business since he was a teenager and he also owns a lot of stock”
90d +7.6% · 180d +14.5% · 1y +45.2%
Chris Mayer The CEO Of Woodlock House Family Capital
2021-11-08
CPRT
bullish
Chris Mayer · video
Copart's irreplicable land holdings (zoned salvage yards in markets like LA that can't be permitted today) and a two-player duopoly controlling 80%+ of the salvage market create a physical moat that sustains high ROIC and ongoing reinvestment at attractive…
“it is very very very difficult to replicate what they've done impossible”
90d -16.9% · 180d -29.5% · 1y -26.2%
Perfect Recipe for Retiring Rich Show With Christopher W. Mayer | Bhuvan Gupta | Chris Mayer
2021-11-08
EVO
bullish
Chris Mayer · video
Evolution Gaming is a truly global live-casino infrastructure business — not a Swedish domestic company — with high ROIC and strong reinvestment capacity, making it a clear quality upgrade over the hotel name it replaced in the portfolio
90d -25.2% · 180d -54.0% · 1y -59.4%
Perfect Recipe for Retiring Rich Show With Christopher W. Mayer | Bhuvan Gupta | Chris Mayer
2021-06-21
BOL
bullish
Chris Mayer · video
Bolloré is the primary vehicle to own Universal Music Group at a discount — it holds a large Vivendi stake, is run by Vincent Bolloré whose 20-year track record is ~20%/year compounding, insiders continue buying, and the UMG IPO is an imminent catalyst to…
“bola ray has outperformed vendi by quite a bit over the last 12 months because of that”
Meet the Manager - Woodlock House | June 2021
2021-06-21
DOM
bullish
Chris Mayer · video
Prior management destroyed value through botched international expansion and franchisee conflict, but activist Browning West forced a board overhaul that installed quality management (CEO from Costa Coffee), is selling loss-making markets, improving capital…
“pizza delivery is an excellent business... the cost of the ingredients relative to what you pay is low so their margins are high”
Meet the Manager - Woodlock House | June 2021
2021-06-21
EXOR
bullish
Chris Mayer · video
Exor is a capital-allocation-driven holding company controlled by the Agnelli family (>50% ownership), with John Elkann as a demonstrated long-term value creator across a diverse asset base, meeting the owner-operator and excellent financial conditions…
“john elcan... he's proven to be a very good capital allocator himself made a number of interesting deals”
Meet the Manager - Woodlock House | June 2021
2021-06-21
VIV
bullish
Chris Mayer · video
Vivendi trades at roughly the value of Universal Music Group alone — meaning Canal Plus and other assets are free — while UMG's streaming-driven growth, high margins, and dominant catalog position (8 of the top 10 artists) should command a valuation above…
“if you look at top 10 artists universal music group has like four the top five and i think eight of the top ten overall”
90d -13.0% · 180d -4.8% · 1y +9.0%
Meet the Manager - Woodlock House | June 2021
2020-06-30
HEI
bullish
Chris Mayer · video
Heico is a far superior way to gain aviation exposure versus aircraft leasing because it is a skilled serial acquirer with a better underlying business model that is not directly dependent on airline capacity utilization
“something like Heico would be a good way to play it. It's a much better business”
90d +5.8% · 180d +32.5% · 1y +40.1%
How to hunt 100 bagger stocks? And how to kill bad ideas? A talk with Chris W. Mayer
2020-06-30
long IHG / long MAR / long HLT
basket
Chris Mayer · video
IHG, Marriott, and Hilton are asset-light franchise businesses that still generate free cash flow even at pandemic lows, trade cheaply vs. normalized earnings, and have historically compounded on shrinking invested capital — IHG's 10-year capital base shrank…
“they're asset light, mostly franchise businesses… still going to produce free cash flow this year”
90d +17.7% · 180d +46.0% · 1y +57.9%
How to hunt 100 bagger stocks? And how to kill bad ideas? A talk with Chris W. Mayer
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